±25,934 SF C-3 ZONED PAD

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1 ±25,934 SF C-3 ZONED PAD SOUTH 5TH AVENUE, TUCSON, ARIZONA CONTACT US DAVE VOLK Vice President BRUCE SUPPES Vice President

2 PROPERTY FACTS Location Price Size Lot Access Parking Zoning Parcel Number Comments South Fifth Avenue, one building south of Broadway Call Agent ±10,140 feet of office space ±25,934 SF of land Frontage on South Fifth on the west, plus parking access from Herbert on the east Currently parked for 30 cars C-3, City of Tucson and (AKA 111 S. Fifth Avenue) Located on the new street car route and across the street from the new AC Marriott Hotel, this development opportunity presents a variety of office, retail and multifamily possibilities. Formerly a medical office clinic, S. Fifth represents an interesting opportunity for either redevelopment of the existing office building, or new ground-up construction. Masonry structure fronts onto Fifth Avenue, with rear parking lot accessed off of Herbert Avenue CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

3 PROPERTY AERIAL S HERBERT AVE

4 MULTIFAMILY POTENTIAL 12 April 2016 RE: S 5 th Avenue Underlying Zoning Option (for Mixed-Use/Apartments): Zoning: C-3 Area Size: ~24,300 SF (0.6 Acres) Height Limit: 75 feet Lot Coverage: 80% Residential; N/A Non-Residential Setbacks: - S 5 th Avenue = Height of Building wall from Travel Lane - S Herbert Avenue = Height of Building wall from Travel Lane - North & South Boundary = Residential Use: 1.5 times Building wall height; Non-Residential Use: 0 Density: 87/acre - 87*0.6 = 52 units NO Flexible Lot Development (FLD): height would be decreased to 40', density decreased to 44/acre, and site coverage decreased to 75%. Rio Nuevo Area (Required): - Would allow the reduction of setbacks to be congruent with the surrounding structures and developments (onus on City to prove otherwise). - Additional building design standards such as viewshed corridors, streetscape, shade, linkages, and plaza/open space (5% of gross floor area). - Parking is allowed to be reduced per Downtown Parking District (1 space per unit) Infill Incentive District (IID) - for Apartments: Zoning: Downtown Core Subdistrict (DCS) and Rio Nuevo Area (RNA) Area Size: ~24,300 SF (0.6 Acres) Height Limit: 75 Feet Lot Coverage: Can request up to 100% Setbacks: Can request reduction to 0 feet, on all sides (Historic Eligible/Contributing to North and South 4 setback will be requested for Historic building wall preservation) Density: No RAC standards apply Parking: IID allows 25% reduction. Waiver for less must be agreed upon by Park Tucson. Individual Parking Plan (IPP) is required for submittal. IID does discourage surface lot parking, but an exception/waiver can be requested. Open/Plaza Space: 5% of Gross Floor Area to be set aside as public or private open/plaza space. *Utilizing the IID process will grant the ability to apply for a reduction of any of the Unified Development Code standards within reason. Obvious hurdles to development including setbacks, landscape buffer yards, and density, can all be alleviated with one IID Request Will be considered under the guidelines of the "Major Design Review": The IID takes approximately 4-6 months, beginning after the return and comments of the first Development Package submittal, and places the Development Package review on hold until resolution. The process will include the following: o A pre-application with City Planning Staff. o The assignment of a design professional to evaluate the project/application against the standards outlined in the IID document, and make a recommendation to the PDSD Director. o A neighborhood Meeting: 300 foot notification of the project site, and neighborhood associations within 1 mile. o The submittal of a Design Package for City review. This package will require architect involvement to not only assist in the programming of the site, but provide color elevations of the property and buildings (will also need for neighborhood meeting). o A hearing with the Tucson/Pima County Historical Commission building review board for compliance that the proposed development does not adversely affect neighboring properties and cause them for de-listing. o A hearing with the IID Design Review Committee for compliance with the standards outlined in the IID. o Final decision from the PDSD Director (appeal can be made to Mayor & Council). The IID process requires more involvement and preparation on the front end of the entitlement process. An architect with conviction in their designs would be necessary to defend said designs against the guidelines outlined in the IID and the design professional. If the end goal is to develop a site that maximizes the site envelope and aims to achieve a unit mix of greater than 52, then the use of the IID is the only option available. Estimated Maximum Layout (under IID): # of Units: ~14 per floor # of Parking Spaces: ±60 (podium development type) Building Height: ~75 feet (5-6 floors above podium parking) Max Building Footprint: ~180 x120 Additional Information: Downtown Parking District: a. Office Use - Required off-street motor vehicle parking for office use is one space for every 500 square feet of gross floor area. b. Uses Other Than Office - Required off-street motor vehicle parking for all uses other than office uses in the Downtown Parking District is one space per 400 square feet of gross floor area. c. Residential - Required off-street motor vehicle parking for residential uses in the Downtown Parking District is one space for each dwelling unit, one space for each apartment where rent/lease of space is not by the bedroom, or one space for each bedroom in projects where rent/lease of space is by the bedroom.

5 S 5TH STUDIES

6 S 5TH STUDIES

7 CURRENT FLOOR PLAN 161 SF 128 SF 140 SF 139 SF 139 SF 153 SF 177 SF FILE 81 SF BATH 101 SF 91 SF 91 SF 88 SF 115 SF 86 SF 85 SF 188 SF 188 SF LOBBY 1027 SF BREAK 397 SF BATH 98 SF 133 SF BATH ADMIN 49 SF 211 SF COPY/FILE 138 SF 147 SF BOARDROOM 424 SF 249 SF 92 SF 114 SF MECH 78 SF CONFERENCE 209 SF EXTERIOR COURTYARD 512 SF 222 SF 195 SF CONFERENCE 319 SF 109 SF 288 SF 113 SF 03/22/ NOT TO SCALE. MEASUREMENTS APPROXIMATE. N

8 AERIAL MAP SHOWING STREETCAR ROUTE N 10 Federal Courts Federal State Convention Center 1 S. Church Pima County City Hall Transamerica La Placita Library Public Works University of Arizona Pioneer Wells Fargo Justice Courts The Herbert SITE 5TH AVE Thunder Canyon 6TH AVE TOOLE AVE BROADWAY BLVD Student Housing New AC Marriott Hotel HUB Playground Student Housing Proper Diablo Burger Rialto CONGRESS STREET Ronstadt Center Hotel Congress Depot Plaza Historic Depot Madden Media City High City Courts Streetcar Route